Tuesday, December 6, 2011

CSR reports are scandalously misleading, researchers say

UK 'must triple efforts to cut emissions'What are we supposed to believe???

A recent U.K. study of more than 4,000 corporate environmental reports found that they routinely contain "irrelevant data, unsubstantiated claims, gaps in data and inaccurate figures."

"In financial reporting, to leave out an undisclosed part of the company in the calculation of profits would be a scandal. In sustainability reporting, it is common practice," said research-team leader Ralf Barkemeyer.

For this reason, Boardwalk Capital has teamed with independent researcher Sustainalytics. Their 40+ analysts are charged with getting the real scoop on who is walking the walk, and who is just talk.

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